Sri Lanka’s industrial production increased by 4.3% in December 2017 compared to the same month in 2016, latest official data shows, LBO reported. The Index of Industrial Production is a key indicator of economic performance in most countries. Index numbers summarize past developments, facilitate forecasting of future trends and assist with evidence based policy decisions. The department of census and statistics in a statement said the manufacturing industries of fabricated metal products, manufacture of rubber and plastic products and basic metal products have shown remarkable increases of 25.1% , 10.9% and 9.7% respectively in their volume of production during the month of December, 2017 compared to that of December 2016. The volume of food products increased by 8.4%. However the volume of manufacture of basic pharmaceutical products, furniture and electrical equipment reported decline of 27.3% , 23.9% and 19.2% respectively during the period.
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